Alex Mechanick
@apmechan
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Currently @NiskanenCenter. Previously OIRA front office in @OMBPress_46, Judiciary Committee for @SenBlumenthal, and Global Modeling Studies in @federalreserve.
Joined August 2011
RT @ReichlinMelnick: NEW: A father fleeing Putin, whose wife was jailed by the regime, passed a screening that confirmed he will likely be….
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We should not be separating children from their parents as a bargaining chip to get them to agree to leave the country. We especially shouldn't do so for Russian asylees who would be persecuted if they returned! Let America benefit from the ingenuity of those dictators oppress.
A new tactic of #familyseparation via @Haleaziz 👇.
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RT @kpomerleau: Here we have @tylercowen making what is now a very common error. Tariffs are not a consumption-based tax. These taxes appl….
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The Trump administration is deporting the men that worked side-by-wide with our troops in Afghanistan.
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RT @Brendan_Duke: This could be a moment where the country goes down the Argentina path of faking economic statistics for political reasons….
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Unfortunately, @JDVance appears to not understand the difference between levels and rates. Perhaps there's a connection between nativism and innumeracy. (Data credit: @mtkonczal)
I was told 6 months ago that Americans losing jobs and the foreign-born gaining jobs was an irreversible demographic fact. Turns out you just needed a new president and a new immigration policy.
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RT @mtkonczal: Even if this is a measure, which I'm not sure about, July saw highest unemployment rate and lowest prime-age employment-to-p….
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The economy will eventually recover, but some of this damage will be permanent.
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Evidence that tariffs and reduced immigration (+ more general uncertainty caused by illegal impoundments & crackdowns on universities and media companies?) are hurting the US labor market.
With today's lower payroll growth number and big downward revisions to May & June . Payroll growth has been below the breakeven rate for the last three months.
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RT @jasonfurman: My latest @nytopinion attempts to answer the question, "The Tariffs Kicked In. The Sky Didn’t Fall. Were the Economists Wr….
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CBO finds that every $1.00 in research and development investment yields $7.00-11.50 in additional output. We shouldn't be cutting federal investment in R&D - we should be expanding it!
CBO examined the economic and budgetary effects of two illustrative scenarios in which federal funding for nondefense research and development is increased by $30 billion per year for the next 10 years.
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RT @CSElmendorf: Revesz & Livermore argued that cost-ben analysis / OIRA review of federal agency rules is big check on agency capture by n….
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RT @dwallacewells: “The ‘crisis’ doesn’t seem to be that boys are doing particularly poorly of late. It seems to be that girls are finally….
nytimes.com
We’re looking in the wrong places for answers to boys’ struggles.
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It would be nice if people kept straight: .- regardless of tariffs, inflation (the general price level) is a policy choice .- tariffs, if they *work*, have to make the tariffed good more expensive (higher relative price) .- tariffs reduce maximum output/income.
re: tariff inflation discourse, it's worth mentioning again that if tariffs *don't* raise prices, then there's no way they "incentivize" domestic production. The mechanism by which they're supposed to re-shore industry is by increasing prices for imported goods and reducing trade.
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